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Affluent Foundation Holdings (HKSE:01757) ROC (Joel Greenblatt) % : 0.60% (As of Mar. 2024)


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What is Affluent Foundation Holdings ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Affluent Foundation Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.60%.

The historical rank and industry rank for Affluent Foundation Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:

HKSE:01757' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -132.94   Med: 9.45   Max: 83.97
Current: 3.53

During the past 10 years, Affluent Foundation Holdings's highest ROC (Joel Greenblatt) % was 83.97%. The lowest was -132.94%. And the median was 9.45%.

HKSE:01757's ROC (Joel Greenblatt) % is ranked worse than
75.06% of 1716 companies
in the Construction industry
Industry Median: 17.77 vs HKSE:01757: 3.53

Affluent Foundation Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Affluent Foundation Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Affluent Foundation Holdings's ROC (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Affluent Foundation Holdings ROC (Joel Greenblatt) % Chart

Affluent Foundation Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -77.58 9.89 9.01 2.43 4.28

Affluent Foundation Holdings Semi-Annual Data
Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.34 -3.02 5.78 0.60 8.73

Competitive Comparison of Affluent Foundation Holdings's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Affluent Foundation Holdings's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Affluent Foundation Holdings's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Affluent Foundation Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Affluent Foundation Holdings's ROC (Joel Greenblatt) % falls into.



Affluent Foundation Holdings ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(58.411 + 0 + 63.4) - (69.896 + 0 + 21.428)
=30.487

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.898 + 0 + 69.488) - (68.137 + 0 + 30.058)
=-2.809

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Affluent Foundation Holdings for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.268/( ( (28.739 + max(30.487, 0)) + (29.567 + max(-2.809, 0)) )/ 2 )
=0.268/( ( 59.226 + 29.567 )/ 2 )
=0.268/44.3965
=0.60 %

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Affluent Foundation Holdings  (HKSE:01757) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Affluent Foundation Holdings ROC (Joel Greenblatt) % Related Terms

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Affluent Foundation Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 6 Sha Tsui Road, Unit 903-905, 9th Floor, The Octagon, Tsuen Wan, New Territories, Hong Kong, HKG
Affluent Foundation Holdings Ltd is a subcontractor engaged in services related to foundation works including excavation and lateral support works, pile caps construction, and other services, such as demolition works, underground drainage works, earthworks, and structural steelworks. It is also engaged in leasing machinery to other construction companies. Geographically the group operates in Hong Kong. It generates revenue through the provision of contracting services.
Executives
Oriental Castle Group Limited 2101 Beneficial owner
Chan Siu Cheong 2201 Interest of corporation controlled by you
Chu Wai Ling 2202 Interest of your spouse

Affluent Foundation Holdings Headlines

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